Conveyancing tech giant the TM Group has bought title deed analysis and ‘early warning’ platform Veya for an undisclosed sum.

Veya provides cutting-edge title deed analysis technology that helps legal professionals, estate agents, and mortgage brokers better understand property complexities earlier in the transaction process.

By modelling Land Registry title documents, Veya assigns a complexity score to each property, offering an early warning system that improves transparency, reduces fall-throughs and delays, informs decision-making and improves risk management across residential property transactions.

The ’strategic’ acquisition of Veya by TM Group is part of a wider and heated competition among the many conveyancing tech providers to become the ‘Rightmove of sales progression’ and solve the UK’s glacial home moving process.

Conveyancing industry

A statement from TM Group adds that the acquisition “aligns with [our] strategy to be the leading technology and platform provider for the conveyancing industry, adding real value to property professionals by reducing fall-through rates, accelerating transaction speed, and enhancing risk management processes”.

As well as being fully integrated into TM Group’s technology stack, Veya will operate as a standalone platform but will be available as a white-labelled solution for some partners.

“Veya’s innovative title deed analysis enhances our existing offerings and aligns perfectly with our mission to streamline workflows, reduce risk, and improve transparency in conveyancing,” says Thomas Maerz, CEO of tmGroup.

“We are excited to welcome Veya to TM Group and look forward to investing in its future development. Our focus is to empower our clients with the tools they need to reduce fall-throughs, speed up transactions, and deliver real value and revenue growth for them.”

John McAuley, CEO of Veya, adds: “Joining TM Group enables us to accelerate our growth and enhance our offering, ensuring even more professionals benefit from Veya’s insights.”

TM Group, which was founded in 1999 with investment from both Connells and LSL had a bumpy ride in 2024 when new owner Dye & Durham was told by the UK Competition & Markets Authority to sell it off following competition concerns. It was subsequently bought by a Luxembourg-based private equity fund.